The Baltic countries are projected to record the highest annual inflation rates last month, with 20.1 per cent for Latvia, 17.8 per cent for Estonia and 17.2 per cent for Lithuania…reports Asian
According to the IMF’s update, global economic growth is projected to fall from an estimated 3.4% in 2022 to 2.9% in 2023 before rising to 3.1% in 2024…reports Asian Lite News The
Hipkins was sworn in as New Zealand prime minister on Wednesday, with his predecessor Jacinda Ardern officially tendering her resignation…reports Asian Lite News As the inflation grips New Zealand, newly sworn-in Prime
Price-increase expectations eased only slightly from 6.2% in October. The average for the three months through November was 6.2%, down from 6.4% the previous month…reports Asian Lite News Inflation pressures in the
It added that surging food prices were largely to blame, with fresh food prices up by 14.3%, compared with 13.3% in October…reports Asian Lite News Food inflation hit 12.4%, up from 11.6%
Consumers cannot maintain their standard of living as inflation for their consumption basket could be higher than the interest rates that earn on their savings. Politicians could lose elections over high inflation…writes
Earlier this month, the Bank of England, the central bank, projected consumer price inflation to rise to around 11 percent in the fourth quarter (Q4) of 2022…reports Asian Lite News The increase
According to the IMF, the global inflation rate is projected to be 8.8 per cent this year and come down to 6.5 per cent next year…reports Asian Lite News The International Monetary
Official figures released earlier this month had revealed that the crisis-hit island nation’s economy had contracted by 8.4 per cent in the three months to the end of August…reports Asian Lite News
At the same time, supply disruptions due to the Russia-Ukraine military conflict have boosted prices of thermal coal, oil and gas to record levels….reports Asian Lite News Inflation and supply chain disruptions